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The principal purpose of budgets in an NPO is to ensure profitable operation to motivate top management to set revenue targets to ensure expenditures are
The principal purpose of budgets in an NPO is to ensure profitable operation to motivate top management to set revenue targets to ensure expenditures are kept in line with expected revenues to satisfy employees Sales at Monica's Manties last year were $2,400.000. Assume that the sales occurred evenly throughout the year. Assume also that customers owed $200.000 at the start of the year, and that all customers took one month to pay There were no bad debts or late payers. Cash collection from customers in the year was $2,000,000 $2.200,000 $2,400,000 $2.500.000 O $2,000,000
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